Chucka Earns $36,428 Per Year

question 7

Multiple Choice

Chucka earns $36,428 per year. She is paid by the week. If $13,114.08 cents is removed for taxes and social security during the year, how much is her weekly take-home check including her paid vacation weeks?

• A)$466.28
• B)$952.73
• C)$448.34
• D)$700.54

---

Definitions:

Convertible Bond

A fixed-income debt security that the holder can convert into a specified number of shares of common stock in the issuing company.

Conversion Price

The dollar amount of a bond’s par value that is exchangeable for one share of stock.

Conversion Value

The value of a convertible security if it were converted into a different asset, typically shares of the issuing company's stock.

Risk-Free Rate

The theoretical rate of return of an investment with zero risk, typically represented by the yield on government securities.